India Morning Report: Markets jiggy jiggy with the promise of a new government

Investors are in sync with the BJP pandering interests looking at the ‘younger’ Modi lef new government for lasting game for India Inc. The Pharma index is down and banks have yet added a measly 300 points on the Bank nifty led by ICICIBANK, HDFCBANK and AXISBANK but mostly the nbfc / Financials as muthoot and manappuram lead with Bajaj, IDFC and LIC Housing Finance for the less than half dozen licenses to be issued. F&O bets will likely reward unidirectional risks with sold puts continuing to lock the market sentiment after a week
of rest at 6500.

Today’s morning session would have seen the most spectacular volumes at the best premiums before the 6500 strike wound out to lower risks and continues to interest incoming bulls.

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